LONDON--The U.K.'s Financial Conduct Authority said Friday that it has appointed Mark Steward as new director of enforcement and market oversight.

FCA said Mr. Steward's role will combine the organization's enforcement function with a new market oversight division, which was created by incorporating the UKLA and Market Monitoring functions.

The financial services regulator also said that it has appointed Barbara Frohn to a newly created role of director of risk and compliance oversight. The new division will manage internal and external risk.

Mr. Steward is currently the head of enforcement at the Hong Kong Securities and Futures Commission, and Ms. Frohn is managing director of Banco Santander and currently on secondment to the Institute of International Finance in Washington, D.C. Both the executives are expected to take up their new roles in London, in the early autumn.

Write to Tapan Panchal at tapan.panchal@wsj.com

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